
Corn farmers in Jombang Regency, East Java, report that traders are buying dried shelled corn at about Rp5,400 per kilogram, down from Rp5,700. The Jombang agriculture office says November is the peak of this year's harvest, and farmers say the price drop is linked to rising supply.
Heavier local supply during the peak harvest is pushing down farm-gate corn prices in East Java, a key production area. Continued rain could slow drying and push prices lower still, which would lower feed-maker input costs in the short term.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.